(Cost of debt) Sincere Stationery Corporation needs to raise $450,000 to improve its manufacturing plant. It has decided to issue a $1,000 par value bond with an annual coupon rate of 17 percent and a maturity of 16 years. The investors require a rate of return of 9 percent. a. Compute the market value of the bonds. b. What will the net price be if flotation costs are 9 percent of the market price? c. How many bonds will the firm have to issue to receive the needed funds? d. What is the firm's after-tax cost of debt if its marginal tax rate is 21 percent? a. What is the market value of the bonds? (Round to the nearest cent.) b. What will the net price be if flotation costs are 9 percent of the market price? (Round to the nearest cent.) c. How many bonds will the firm have to issue to receive the needed funds? bonds (Round to the nearest whole number.) d. What is the firm's after-tax cost of debt if its marginal tax rate is 21 percent? % (Round to two decimal places.)